Viet Nam

Viet Nam

Issues a new Decree to facilitate privatisation of State-Owned Enterprises

16 Nov 2017

On 16 November 2017, the Government issued Decree No. 126/2017/ND-CP to step up the privatisation process of State-Owned Enterprises. Some important changes include allowing the 'book building' as an initial public offering (IPO) method. The Decree also shortened the lock-in period of strategic partners (from 5 to 3 years) and eased restrictions on the profitability of strategic partners (from 3 to 2 years). The new decree has come into effect on 1 January 2018.